•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Woodside to farm-in to Chariot's Rabat Deep permits offshore Morocco

    Woodside Petroleum Ltd.

    Woodside Petroleum Ltd. has finalized an agreement with Chariot Oil & Gas to farm-in to the prospective Doukkala Basin offshore northwestern Morocco.

    Under the agreement, Woodside acquires an initial 25% participating interest in the Rabat Deep Offshore permits I-VI. The agreement includes an option to acquire an additional 25% and operatorship in these permits for a capped well carry obligation. The agreement is also subject to required government approvals.

    These undrilled permits are 4,162 square miles (10,782 square kilometers) in area, with water depths ranging from 492 feet to 11,811 feet (150 meters to 3,600 meters).

    Woodside CEO Peter Coleman said the farm-in provided an opportunity to secure a large acreage footprint in an emerging petroleum province that is prospective for both oil and gas.

    The Rabat Deep permits complement Woodside’s acreage position in the nearby Canary Islands, and are a further demonstration of continued efforts to build a global exploration portfolio.

     

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    Harvey Gulf continues strategic growth with expansion into Mexico

    10/10/2014

    Harvey Gulf International Marine LLC has continued its strategic business growth by establishing Harvey Gulf International Marine de Mexico SAPI de CV. 

     

    Singapore: Knowledge and Network

    10/10/2014 Nestled at the southeastern end of the 500 mile-long Strait of Malacca, Singapore is a natural trade haven. The waterway connects the Pacific to the Indian Ocean, and the tankers running up and dow...

    UPSTREAM NEWS

    10/09/2014

    Benhaddad joins Tidewater's senior management team

    10/06/2014 Tidewater Inc. reports that Latif Benhaddad has joined Tidewater as vice president of engineering, responsible for global engineering technical services, including fleet newbuild programs and fleet...

    EMAS Offshore launches Singapore listing

    09/30/2014 EMAS Offshore Ltd., formerly known as EOC Ltd., has launched its public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore, in conjunction with...

    More Oil & Gas Financial Articles

    Harvey Gulf continues strategic growth with expansion into Mexico

    Fri, Oct 10, 2014

    Harvey Gulf International Marine LLC has continued its strategic business growth by establishing Harvey Gulf International Marine de Mexico SAPI de CV. 

     

    Singapore: Knowledge and Network

    Fri, Oct 10, 2014

    Nestled at the southeastern end of the 500 mile-long Strait of Malacca, Singapore is a natural trade haven. The waterway connects the Pacific to the Indian Ocean, and the tankers running up and down it carry around a quarter of the world's oil moved by sea.

    UPSTREAM NEWS

    Thu, Oct 9, 2014

    Benhaddad joins Tidewater's senior management team

    Mon, Oct 6, 2014

    Tidewater Inc. reports that Latif Benhaddad has joined Tidewater as vice president of engineering, responsible for global engineering technical services, including fleet newbuild programs and fleet maintenance and repair.

    EMAS Offshore launches Singapore listing

    Tue, Sep 30, 2014

    EMAS Offshore Ltd., formerly known as EOC Ltd., has launched its public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore, in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Ltd. (SGX-ST).

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ